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The interest rate pause and the loan forgiveness are different policies - one can exist without the other. The interest rate pause was not declared unconstitut
by room500 3y ago
The interest rate pause and the loan forgiveness are different policies - one can exist without the other.
The interest rate pause was not declared unconstitutional today - and it will continue until the loans are scheduled to be started again in the next couple months.
- gochi 3y agoTechnically, but one does not exist without the other in its current implementation. Hence the continuation shortly as this forgiveness was struck down.
- leftandright 3y agoI don’t understand. The two policies were begun by different administrations. The pause did exist without the forgiveness policy; it was done first. The pause will continue until September (it was not effected at all by this ruling) so it once again exists without the forgiveness policy. Why do you think one cannot exist without the other? The pause is fine with or without the forgiveness, and the pause existing didn’t save the forgiveness.
- neon_electro 3y agoThe pause can also no longer be extended due to Congressional action: > Congress recently passed a law preventing further extensions of the payment pause. Student loan interest will resume starting on Sept. 1, 2023, and payments will be due starting in October. We will notify borrowers well before payments restart. Source: https://studentaid.gov/announcements-events/covid-19/payment-pause-zero-interest https://studentaid.gov/announcements-events/covid-19/payment...